He will continue to serve as an advisor to the Company on various matters. Robert has been a highly capable CEO, who helped the Company diversify and When King died in 1885, he left his entire estate to his wife, Henrietta. In 1858 King built the first ranch house at the Santa Gertrudis site on a spot suggested by his friend Robert E. Lee, a young Lieutenant Colonel at the time. During the 1970s, Clement began to feel that the company had become unwieldy, and he started selling off chunks of King Ranch's overseas real estate. Approximate Annual Company Revenues: $100 million-$350 million During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. Kingsville, TX 78364 | View on Google Maps. A series of Pacific low pressure and frontal systems moved across the , Continue Reading about U.S. drought monitor and summary report for Feb. 28. PO Box 1418. January 14, 2021. In the 1950s the company went international. Is King Ranch a real ranch? The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. Cal Farley's is a nonprofit 501(c)(3) corporation organized under the laws of the State of Texas. King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. Chairman: Kevin Borie. Tio grew up on King Ranch in Kingsville, Texas, working summers with ranch operations. Modern game management and preservation systems were also set up. The event was postponed in 2020 due to the COVID-19 pandemic. Kingnow covers 825,000 acresmore land than the state of Rhode Island. King and Kenedy also used their shipping enterprise to supply the Confederate army. Mr Duard King Tall Timber Ranch. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. Tio Kleberg commented on the company's diversification in a 1995 U.S. News & World Report: "We no longer see ourselves in the cattle business, as such. 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved. While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. The company entered the new millennium preparing to celebrate its 150th anniversary in 2003. With the controversial lawsuit behind it, King Ranch went ahead with its anniversary festivities, which included a highly publicized cattle and horse charity auction. Chartered as a Texas non-profit corporation in 1969, the Association's stated purpose was to preserve the physical, social and cultural aspects of ranching and to perpetuate the traditions intrinsic values and history of one of our nation's most important industries. Underbrink has been The merger--structured as a stock swap worth $53 million between King Ranch and St. Mary shareholders--included properties in the Gulf of Mexico and the onshore Gulf Coast. He then bought the parcels and annexed them to the ranch. Committees: Governance Plus (the plus refers to business succession), Finance/Audit, Risk/Cyber/Safety, Business Investment and Diversification. When Hunt told his board of directors at a meeting in Houston that he wanted to pay a consulting firm $500,000 to do a study assessing the King Ranch's environmental problems, Tio glared at him . Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. Dr. Espy has a solid resume of experiences and service to the veterinary profession . I feel as if I have been preparing for this role my wholelife and look forward to applying the knowledge and experience Ive gained over my career to the many facets that make up the King Ranch.. Its been a journey of a lifetime, Underbrink said. Finally, in 1899, an artesian well was drilled. (832) 681-5700. branding partnerships with Ford Motor Co., Textron Aviation and most recently with the Fertitta Family for the The awards presented at the online 2021 Private Company Governance Summit on June 9, honor private company boards that best serve their stakeholders owners, shareholders, employees and community with best practices in their structure and performance. 1946. As the 1990s opened, King Ranch faced a number of questions. top of page. Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. That keeps the actual meeting time focused on strategic discussions. From its beginnings in the mid-19th century as a family cattle ranch, the company has evolved into a major multinational operation active in a variety of agricultural and energy-related activities. Modern game management and preservation systems were also set up. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Today only one of the estimated two hundred lineal descendants of Richard and Henrietta King works and lives full-time on the ranch: 31-year-old James Clement III, whose father, Dallas resident James H. Clement Jr., is the chairman of the King Ranch board of directors. The King Ranch Institute for Ranch Management teaches graduate students using a multi-disciplinary, systems approach to ranch management. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. Meeting time shifted from management doing most of the talking to the advisors doing the majority of the talking and management listening. Type of Private Board: Advisory Two of five independent directors are women, including the chair. The exact . (832) 681-5700. During the 1970s, Clement began to feel that the company had become unwieldy, and he started selling off chunks of King Ranch's overseas real estate. Dick Kleberg died in 1955. His son, Dick Jr., had been playing an increasingly important role in company affairs since the 1940s, and in 1969 he was named chairman of the King Ranch board of directors. The King Ranch itself, which covers about 825,000 acres--slightly larger than the state of Rhode Island--on four separate divisions of land in South Texas known as the "Home Ranches": Santa Gertrudis, Laureles, Norias, and Encino. He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. The Company continues to expand its operations. Dennis Waespi was elected to the Board of Directors in November 2014. The Private Company Governance Summit now in its ninth year, is the only national conference focused on the unique governance challenges for owners, shareholders, directors and advisory board members of closely held, family-owned and private equity-owned companies. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. King Ranch Corporate Offices Under Kleberg's management, operations at the ranch were streamlined and made more efficient. He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. Beef was not the only thing King Ranch was able to breed successfully. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. The descendants claimed that Robert Kleberg had worked for both Richard King and Chapman's widow during a land settlement issue, creating a distinct conflict of interest. Dick Nord is a Builder/Developer, affiliated as a Real Estate Broker with Windermere Commercial Real Estate in Skagit County WA. COPYRIGHT | PRIVACY POLICY | TERMSOFUSE, about Crime Watch: Horse stolen near Orange, about Texas, Oklahoma weekly livestock auction summaries for March 3, about U.S. drought monitor and summary report for Feb. 28, Texas, Oklahoma weekly livestock auction summaries for March 3, U.S. drought monitor and summary report for Feb. 28. Agent Address. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . All transactions of the District are included in the City's financial statements. King Ranch celebrated its 150th anniversary in 2003. Contact: DeJuana Bivins Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. Billionaire Stan Kroenke, owner of what are now the NFL's Los Angeles Rams, has purchased a massive Texas ranch that had a $725 million price tag. Within a decade, through a combination of strategic horse purchases and the application of its fabulously successful breeding techniques, King Ranch had established a dynasty of champion cutting horses. Company Ownership: Employee-owned Environmental Systems Design 2, 2021, For Immediate Release King Ranch Inc. announced Friday that the 30th Annual Ranch Hand Breakfast will be held on November 20, 2021. Tio Kleberg continued to run the ranch's day-to-day operations. Committees including Nominating and Governance, Audit and Risk, Compensation and Talent, and Innovation. We see them around but we don't know what goes on behind the scenes. King Ranch, Inc. (trading name, 2013-07-02 - ) Agent Name. Although King Ranch management maintained that the suit had no merit, its legitimacy was upheld in appellate courts and went under review of the Texas Supreme Court. Best practices taken from public boards: a first-ever corporate sustainability report, a targeted DEI initiative, quarterly board meetings with separate executive session, board agendas focused on strategy and global issues rather than operational updates, focus on ESG, board members serve set terms, allowing for ongoing board refresh. During the first fifteen years of the twentieth century, King Ranch managed once again to thrive in the face of further droughts, wars with Mexican raiders, and Kleberg's failing health. Angel was elected to the Sunnymead Ranch PCA Board of Directors in May 2022. According to a 2003 New York Times article, "The ruling could set an important precedent for questioning the legitimacy of land titles secured in Texas in the 19th century, especially for Hispanic families who contend that land grants dating to the Spanish empire were taken over by white settlers through fraudulent methods." Board of Directors data for 2020 *with the ability to download the data for 2019 pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. Approximate Annual Company Revenues: Under $100 million Company Ownership: Employee-owned The King Ranch itself covers about 825,000 acres--slightly larger than the state of Rhode Island--on four separate divisions of land in South Texas known as the "Home Ranches": Santa Gertrudis, Laureles, Norias, and Encino. Written by:Kristin HawkinsPublished on:August 10, 2021, Texas & Southwestern Cattle Raisers Association Special Ranger Mike Boone, District 23 in East , Continue Reading about Crime Watch: Horse stolen near Orange, Texas King Ranch continues to foster a culture of uncompromising quality, stewardship, and authenticitya true testament to Captain Kings integrity and commitment to the land. i. Smith's reign lasted only a year. Ruling year info. He began his career within the Animal Nutrition Division management team of Cargill Inc. King Ranch has a rich, world-renowned legacy. President, CEO and a member of the board for 10 years, and an employee for 36 . The company began actively exploring for oil and gas, rather than passively waiting for royalties on the oil and gas found on its property by others. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." The ranch managed to survive its early years in spite of a hostile environment created by the presence of bandits, unhappy Indians, and the usual assortment of rustlers, raiders, and ruffians associated with the Wild West. In choosing Clement to lead King Ranch into the next generation, the family passed over Robert Shelton, a vice-president and King relative who had been raised by Bob Kleberg. His buying trips frequently took him into Mexico. King Ranch. Sprawled across 1,300 square miles of Texas hills, desert and coastal prairies, King Ranch is among the top hunting destinations in North America, and one of the Lone Star . CEO Robert Hodgen. All rights reserved. Henrietta King died in 1925, at the age of 92. Underbrink has been. King Ranch is the largest ranch in the United States. A majority independent board with nine outside directors, four inside (including three founders). The company is transforming itself into a holding company with the newspaper at the center. Smith, who last November was one of the first three outsiders to join the King Ranch board, will continue to direct Kimberly-Clark, a Dallas-based paper goods company. Clement was replaced by Kimberly-Clark CEO Darwin Smith, who became the first chief executive in company history with no familial ties to founder Richard King. They join other board members Michael W. Gibson, Warren H. Haruki, Robert L. Hind III, Timothy E. Johns, David H. McCoy (Board chairman), Brendan G. Moynahan, Randolph G. Moore, Herbert M. (Monty) Richards Jr., and Arthur C. Tokin. Submit a correction or make a comment about this profile. The Board of Directors of King Ranch, Inc. appointed Mr. Underbrink as Vice President of Farming Operations in June 1998. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. Kingsville, TX 78364 United States. These transplanted villagers went to work on the ranch. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. In order for this to happen, the cattle had to be driven thousands of miles to railroad points as far away as St. Louis, and later, Abilene, Kansas. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has Email: dbivins@king-ranch.com, King Ranch Corporate Offices I am honored to have the opportunity to serve as the next CEO and look forward to leading such a competent and capable team, Hodgen said. Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. Board of Directors data for 2023 *with the ability to . Dick Started as a volunteer for the Forgotten Children's fund in the 1970's, became a member of the Board of Trustees in the mid 1980's, and has volunteered regularly over the years at the Forgotten Children's M-Bar-C Ranch on Whidbey Island. It is mainly a cattle ranch, but also produced the Triple Crown winning . He served as Secretary - Treasurer of King Ranch, Inc. from 1974 to 1980. Tio graduated from Texas Military Institute in 1964. In addition, the number of company shareholders had increased over the years through inheritances, and the very future of the ranch as a single entity was called into question. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. Known Addresses for King Ranch, Inc. 141 West-Lauro's Hl Kingsville, TX 78363 1415 Louisiana St Houston, TX 77002 3 Riverway Houston, TX 77056 PO Box 1210 Belle Glade, FL 33430 8050 S US Highway 27 South Bay, FL 33493 PO Box 1090 Kingsville, TX 78364 17 Miles E Kingsville, TX 78363 8 W Miles Kingsville, TX 78364 405 S 6th St Kingsville, TX . Before joining King Ranch, Hodgen spent six years as managing director at AMERRA Capital Management, where the Private Equity team under his leadership invested in six agribusiness and aquaculture platform companies and he served on the board of directors for two of those investments. The suit claimed that Kleberg deceived Chapman's widow, defrauding her out of control of the Rincon de Santa Gertrudis, a parcel of land equal to approximately 7,500 acres. Expansion and Innovation in the 1940s-50s. Meanwhile, as an outgrowth of the King Ranch Quarter Horse program, the company became involved in competition cutting--an arena event in which horses try to separate individual heifers from the herd--in the mid-1970s. Another turnover in management took place in 1995. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. Houston, TX 77056 The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Beef was not the only thing King Ranch was able to breed successfully. Cowboys Working in the Laureles Division - King Ranch Saddle Shop. Privacy Policy, Barles, Pete, "He Stayed Ahead of the Herd; Be Bold: Richard King, With Grit and Innovation, Built the World's Largest Ranch,", Chapman, Art, "Texas Supreme Court Ruling Adds Appeal to Legendary King Ranch Celebration,", "The Fabulous House of Kleberg: A World of Cattle and Grass,", Gonzalez, John W., "Nostalgia, Prestige Rules Kingsville, Texas, Ranch Auction,", "The King Ranch: The Last Frontier Empire Confronts the Modern World,", Pare, Terence, "New Chairman Tenderfoot Takes Over,", Romero, Simon, "Betting the Ranch, a Really Big One,". Visit Site. King Ranch is the largest ranch in the United States. including cotton, milo, sugar cane, almonds and pistachios and various vegetables. Dick Kleberg died in 1955. Finally, in 1899, an artesian well was drilled. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. As income from both cattle and petroleum operations declined, the company was forced to look for other business areas in which to try its hand. Were excited, First Renewable Energy Development on King Ranch Noria Hondo 220MW Combined Solar and Battery Farm Project King Ranch is proud to be partnering with Talen Energy Corp. in the development of the first utility scale renewable energy project, Noria Hondo,, For Immediate Release January 14, 2021 (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. The board has established term limits for board members and their continued service is determined on the basis of their performance on the board. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. COMPANY. Four years later he became the first president of King Ranch Oil and Gas, Inc., a new wholly owned subsidiary formed to handle all of King Ranch's petroleum affairs. In 1976 Clement hired W.B. Founders of the organization sought to address the loss of historically significant ranch structures to time and the elements. Detailed process for selecting family members for board service, beginning with board observer roles, then submission of a resume, statement of why they wish to join the board, an oral statement and a four-hour interview, with an outside third party assisting. In order to expand the ranch during its early years, King hired a lawyer to seek out the owners of the old land grants throughout the area. The deal catapulted Consolidated Citrus into the upper echelon of citrus producers and secured King Ranch's position as the largest citrus grower in the United States. From historic hunting trips to the Crown Jewel of the property, the "17-bedroom, 37,000-square-foot Mediterranean-style mansion, the land maintains its reputation by still running profitable ranch-like adventures, from cattle operations to citrus . Approximate Annual Company Revenues: $100 million-$350 million They have been active on the boards and national councils of many local nonprofits, including Anderson Ranch Arts Center, the Aspen Music Festival, the Roaring Fork Music Society, Jazz Aspen and Aspen Words, among others. After the passing of one of the ranch owners, the ranch management was left in the hands of Mark Eisele, who has worked on the ranch since the 1970s. The King Ranch, Inc., Board of Directors announced that Robert Hodgen will be the new President and Chief Executive Officer of the company effective today. The City Council serves as the Board of Directors. Another turnover in management took place in 1995. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. Company Chairman John D. Alexander, Jr. and John T. Steen III Vice-Chairman commented that the King Ranch Board is looking forward to working with Robert and are confident his broad professional experience along with a deep knowledge of finance and ag related investments make him a great choice to lead King Ranch into the future. Phone: 301.529.9808 Liked by Terry King. The sixth annual awards recognize fiduciary boards (those tasked with protecting shareholders, with the authority to vote on decisions that are binding for company management) as well as advisory boards (more informal boards that have no binding regulations, but often a significant strategic role). Board meetings include reviewing overdrafts and past-due loans. His son, Dick, Jr., had been playing an increasingly important role in company affairs since the 1940s, and in 1969 he was named chairman of the King Ranch board of directors. Immediate Past Chairman: Forrest DeBuys . Henrietta King died in 1925, at the age of 92. James H. Clement, Jr. 25. Neither King Ranch nor appellant contests the validity of the rule 11 agreements or assert consent was withdrawn. He began his career within the Animal Nutrition Division management team of Cargill, Inc. King Ranch has a rich, world-renowned legacy. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. Parts of King Ranch's property were opened not only to hunters--who since 1979 were able to pay nearly $3 million a year to shoot at deer, turkeys, and other animals--but to tourists as well. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. Robert J. Underbrink. Much of the livestock ended up in the Chicago stockyards; other destinations included new ranches springing up in Oklahoma, Nebraska, Colorado, Wyoming, and Montana, as the cattle industry of the West began to mature. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. Benjamin Espy, DVM, DACT. He is a graduate of the California Ag Leadership Program (Class 36) and previously served as a Director of the National Grain and Feed Association. Kleberg built fences to divide the sprawling ranch into more manageable units. Six-member board today: five independent directors plus CEO. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. Meanwhile, brother Dick served the company from the outside as president of the Texas and Southwestern Cattle Raisers Association and, beginning in 1931, as a seven-term member of the U.S. Congress. Three Riverway, Suite 1600 As income from both cattle and petroleum operations declined, the company was forced to look for other business areas in which to try its hand. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Annoying wild mustangs and donkeys were captured and shipped elsewhere. Hodgen holds a bachelors degree in animal science from Oklahoma State University and an masters degree in finance from The Wharton School of the University of Pennsylvania. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . The King Ranch, Inc., Board of Directors announced last week the search for a successor for current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Both in the cattle business and in its other pursuits, the management and shareholders of King Ranch expressed a commitment to the kind of experimentation and innovation that helped the company to thrive for so many years. I am honored to have the opportunity to serve as the next CEO and look forward to leading such a competent and capable team, Hodgen said. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Sheila is active in CattleWomen's groups at the local, state . Cotton farming was another area into which the company plunged with a fair amount of success. Kleberg quickly became an indispensable part of the ranch's operation. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). Dick Kleberg, Jr., died in 1979, and soon after that his son, Stephen "Tio" Kleberg, took over management of King Ranch South Texas, the company's core ranch operation. Ella King born 1858-04-13 in Brownsville Ward 2, Cameron, Texas. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. In 1867 King began using the Running W brand to mark his cattle. The bank was able to pivot in the face of COVID-19 to work-from-home arrangements and, most impressively, to drive-thru mortgage closings. From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch.